Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) to Issue Quarterly Dividend of $0.14

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) announced a quarterly dividend on Thursday, May 16th, Zacks reports. Shareholders of record on Thursday, May 30th will be paid a dividend of 0.14 per share on Thursday, June 13th. This represents a $0.56 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Thursday, May 30th.

Richmond Mutual Bancorporation has raised its dividend payment by an average of 55.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.

Richmond Mutual Bancorporation Trading Up 0.4 %

Richmond Mutual Bancorporation stock opened at $11.55 on Friday. Richmond Mutual Bancorporation has a 12 month low of $9.44 and a 12 month high of $13.00. The company has a market capitalization of $127.74 million, a price-to-earnings ratio of 13.28 and a beta of 0.62. The business’s fifty day simple moving average is $11.60 and its two-hundred day simple moving average is $11.31.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.23 EPS for the quarter. The firm had revenue of $10.96 million for the quarter. Richmond Mutual Bancorporation had a net margin of 11.72% and a return on equity of 6.93%.

About Richmond Mutual Bancorporation

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.